Chicago Innovation Exchange Announcement

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Summary

The University of Chicago announced that it has created a new center to help scholars and entrepreneurs translate their ideas and new technologies into startup businesses and products.

The Chicago Innovation Exchange (CIE), which will open in late 2014 in the 53rd Street commercial district in Hyde Park, will provide space for proof-of-concept work, business incubation, collaboration opportunities, and programming for new ventures by UChicago faculty and students, as well as entrepreneurs from outside the University. It also will cultivate partnerships to connect emerging entrepreneurs with Chicago’s broader innovation ecosystem and drive the creation of new businesses, jobs, and economic activity in the city and surrounding region.